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What is th program designed to do?
New Yorkers of all ages and income levels currently face an intense housing shortage. Rents have risen 40 to 60 percent since 2015 and home prices have risen 50 to 80 percent. More than half of New York renters are rent-burdened, meaning that they pay more than 30 percent of their income on rent – the second-highest rate in the nation.
What dos it mean for the Town?
As a Certified Pro-Housing Community Morristown can apply for key discretionary funding programs, including the Downtown Revitalization Initiative (DRI), the NY Forward program, the Regional Council Capital Fund, and capital projects from the Market New York program. Grant applications are currently being developed to move Morristown forward.